Free download: Global governance and the Two Percent Club
The G20 summit in Seoul on November 11-12 will trigger more debate about the representation of emerging economies in the institutions that shape global economic policy. In Rethinking Fundamental Principles of Global Governance: How To Represent States and Populations in Multilateral Institutions (22.3, July 2009), three authors — Vijaya Ramachandran, Enrique Rueda-Sabater and Robin Kraft — suggest a new way of thinking about “the constitutional foundations of an effective global governance system.” They propose a model in which countries in the “Two Percent Club” — having either two percent of global GDP or global population — have their own seat at the table, while other countries are represented indirectly by regional representatives. The authors call this a principled formula that draws on experience with federal constitutional arrangements. UPDATE: This article is discussed in the October 21 issue of the Financial Times.